Question
!. A and B. You have just signed a contract to purchase your first house. The price is $230,000 and you have applied for a
!. A and B. You have just signed a contract to purchase your first house. The price is $230,000 and you have applied for a $100,000, 20-year, 6.8% loan. Annual property taxes are expected to be $6,670. Hazard Insurance costs $600 per year. Your car payment is $175, with 46 months left. Your monthly gross income is $3,225. What is your monthly payment of principal and interest?
You have just signed a contract to purchase your first house. The price is $190,000 and you have applied for a $120,000, 28-year, 6.0% loan. Annual property taxes are expected to be $2,647. Hazard Insurance costs $600 per year. Your car payment is $150, with 46 months left. Your monthly gross income is $4,075. What is your monthly PITI (principal, interest, taxes, and insurance)?
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